Gold Mine, Zimbabwe
Two gold mining assets are for sale in Zimbabwe.
A brand new sands treatment plant was installed in 2018 and recently commissioned at the first mine. The plant can be initiated immediately and has capacity to create +$1.0 million profit monthly on average
An amount of about $700,000 to $900,000 is required to cover startup costs and one-month cover of critical inputs (spares, labour and consumables)
The second mine operation requires about $1.8 to $2.0 million to sustain optimal production, which has been hampered by luck of operation resources and outstanding repairs to critical equipment.
The second mine has a projected average profit of $2.5 million monthly
Investors should know that all sales of gold are via the Reserve Bank and at the moment only 55% is paid in US dollars and the rest is in local currency